Silver Spruce Resources announced that William A MacPherson BSc P. Eng (Ret'd) of Halifax, Nova Scotia has resigned as Chairman and Director of the Company. Mr. MacPherson helped steer the Company in challenging market conditions and the Company thanks Mr. MacPherson for his dedicated service. Mr. MacPherson has agreed to be available as an advisor and consultant.

Silver Spruce also announced that the Board has appointed Dr. Brian K Penney as its new Chairman. Dr. Penney currently serves as a Director and as Chairman of the Audit Committee of the company. Dr. Penney has held numerous board positions in private and public companies and has extensive experience guiding early-stage companies, both as CEO and Chairman, in several different industries including telecommunications, semiconductors, software, training and insurance.

He has been chairman and seed stage investor of several companies that have collectively created over a billion dollars of shareholder value. Dr. Penney has also served as a member of several government and academic advisory boards including the Government of Canada's Communications Research Centre, CANARIE and several centres of excellence. Silver Spruce also announced the appointment of Mr. Brad Donovan, B.Comm, MBA, as a Director of the Company.

Mr. Donovan has gained extensive business experience working in Canada, Sweden, Egypt, Tunisia, and as well in the Canadian Embassy in Washington D.C. Mr. Donovan is the President and CEO of the Nova Monarca Group and the President and CEO of Spirits Trading International, based in Guadalajara, Mexico.